DUBAI 14 January 2019: The foundation stone for the Dh370 million W Motors automotive facility in Dubai Silicon Oasis, was laid yesterday by Ahmed bin Saeed Al Maktoum, Chairman of Dubai Silicon Oasis Authority (DSOA).
The groundbreaking event was also attended by Dr. Mohammed Al Zarooni, Vice Chairman & CEO of DSOA, and Ralph R. Debbas, W Motors Founder & CEO.
Spread over 120,000 sqft, the first phase of the project is set to be completed by 2020. Production of all W Motors vehicles will move to this location including the limited series Fenyr SuperSport, upcoming new vehicles, electric and autonomous models, as well as all vehicles under the company’s Special Projects Division.
Phase One will feature latest machines equipped with advanced smart technologies for production of carbon fibre, aluminum and other parts.It will be divided into three blocks:
- The Manufacturing Division will comprise a mechanical workshop
- An assembly area
- A ‘Concept & Prototype’ manufacturing zone
The headquarters building will include the Design, Engineering, Research & Development and Training Centres along with an autonomous and technology development department. Futhermore, the W Motors Gallery, which will showcase all models, will become a experiential space for visitors.
Phase Two of the project will be the W Motors Automotive Academy, developed in partnership with leading regional and international educational institutions. It will offer Automotive Design, Engineering, Transportation and AI-themed courses, in addition to certified programs catering to students and interns from all over the world.
Sheikh Ahmed bin Saeed said, “As Dubai continues to consolidate its position as an international testing ground for state-of-the-art technology, it is attracting foreign direct investments, international tech companies, promising start-ups, and innovative entrepreneurs from around the globe.”
Dr Mohammed Al Zarooni said, “Dubai Silicon Oasis offers businesses a unique ecosystem that allows them to leverage their strengths and benefit from Dubai’s role as a springboard for businesses seeking growth in the GCC which holds opportunities worth more than US$1.5 trillion across all economic sectors.”
Debbas said, “Today is a momentous day for W Motors, and takes us a big step closer to vastly developing the automotive industry within the region – and specifically aligning with Dubai’s vision of becoming a global leader in innovation. We have worked closely with the Dubai Silicon Oasis Authority to bring our Production Facilty to life; now the countdown to opening our doors is on!”
W Motors recently announced that it has become the first private company to deposit its shares in Nasdaq Dubai’s Central Securities Depository (CSD). Joining the CSD enhances W Motors’ links to investors and can be a step on the route towards a variety of financing solutions.
The Automotive Facility will allow for W Motors to share its expertise and know-how on a much wider scale, and contribute to the Dubai economy through creation of jobs and offering opportunities to young talent.